The First Drop In Interest Rates In over 4 Years!

For the first time since the start of the Pandemic, the Bank of Canada has just dropped interest rates by 0.25 basepoints from 5% down to 4.75%! But what kind of relief can this actually provide Canadians? Well, host Alex Pierson turns to one of the best people to turn to with this, Dr. Ian Lee an Associate Professor at Sprott School of Business at Carleton University. Dr. Lee breaks down that this relief will be very minimally felt by most Canadians, and it will be a few years yet before real relief is felt. Learn more about your ad choices. Visit megaphone.fm/adchoices